Skarv Shipping Solutions, a joint venture between Grieg Edge and Peak Group AS, signed a contract with Chinese Huanghai Shipbuilding Co. for up to eight low-carbon multipurpose vessels (MPVs).
Japanese shipping company K Line has taken delivery of the newly-built W-Max class liquefied natural gas (LNG) carrier, Lagenda Setia, intended for a long-term charter with Malaysian energy major Petronas LNG. The Chinese shipbuilder Hudong-Zhonghua Shipbuilding (Group) has built the midsize LNG car
MAN Energy Solutions (MAN ES) has secured its first order for six small-bore, seven-cylinder 21/31DF-M GenSets, designed to operate on methanol. The milestone order is part of the construction project for two 9,300 car equivalent unit (CEU) Pure Car and Truck Carriers (PCTCs) destined for China Merc
Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation (CSSC), has signed a contract for the construction of eight methanol-powered 9,200 TEU containerships.
Greek dry bulk shipping company Diana Shipping has signed a letter of intent to procure two 81,200 dwt methanol dual-fuel Kamsarmax dry bulk newbuilds. These vessels, with a purchase price of US$46 million each, will be constructed at Tsuneishi Group (Zhoushan) Shipbuilding Inc. in China, the Chines
While the push for eco-friendly shipping is commendable, it comes with a hefty price tag, potentially affecting small island developing states (SIDS) and least developed countries (LDCs) that rely heavily on maritime transport. According to a recent UNCTAD report, the transition to decarbonized ship
Spanish technology and engineering group Sener has developed the conceptual and basic engineering of two new vessels equipped with carbon capture systems (CCSs) for German company Grona Shipping.
The dynamic shipbuilding sector in Japan has flexed its muscles over the past week, securing major contracts in the bulker sector totaling in a dozen orders. Oshima Shipbuilding has been linked to an order with Greek shipping company Latsco Shipping Limited. The deal entails the construction of thre
Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean shipyard HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers. The shipbuilding contract, valued at QR14.2 billion ($3.9 billion), was revealed on September 27, 2023, and is said to mar
Safety concerns surrounding ammonia bunkering and the design of ammonia-bunkering vessels are in the spotlight as the maritime industry explores ammonia as a potential green fuel. Despite ammonia’s well-known toxicity, it has been successfully transported as cargo on LPG ships in recent years. Now,
Italian shipbuilding giant Fincantieri has secured a substantial €800 million (USD 845 million) medium/long-term sustainability-linked loan. The loan, which spans five years, with a pre-amortization period of three years, will support Fincantieri’s organic growth and burgeoning workload. As informed
The American Bureau of Shipping (ABS) and Asiatic Lloyd Maritime LLP, member of the AL Group, have signed a joint development project (JDP) to study the feasibility of converting the fuel system of an ultramax bulk carrier, from conventional diesel to methanol. The study is focused on a series of up
Ammonia-powered container vessels are technically feasible and their development can meet acceptable preliminary safety concepts, according to the insights from a concept design study carried out by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, in partnership with Seaspan, ABS, and Foresh
Enova, a Norwegian government enterprise, has decided to invest NOK 709 million ($65.6 million) to provide financcial support for zero-emission ship and technology projects.
